The South suffered from a labor shortage immediately after the Civil War (1861–1865) mostly because
(a) freed slaves worked fewer hours.
(b) freed slaves moved North.
(c) Southern agriculture became mechanized.
(d) Southern industry attracted workers away from agriculture.
(a)
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Which of the following does not provide the corporation access to capital financing?
a. issuing new preferred stock b. paying shareholder dividends c. acquiring a bank loan d. issuing new corporate bonds e. issuing new common stock
Welfare economics is concerned with individual desirability of alternative economic states.
A. True B. False C. Uncertain
In setting the price of its product, a monopolistic competitor sets the price equal to its marginal cost plus an amount called the
A. menu cost. B. rent. C. profit. D. markup.
John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the table below:Hours PerDay CleaningWindowsTotal Numberof WindowsCleaned0017211314416517How many hours a day should John spend cleaning windows?
A. 1 B. 2 C. 3 D. 4